Software giant SAP says to slash 3,000 jobs

FRANKFURT: German software giant SAPsaid Tuesday it would slash around 3,000 jobs as it launches a mammoth cost-cutting programme against a background of stagnant profits.

“We are talking about a completely voluntary programme, we expect a number slightly higher than in 2015 of employees” to leave, chief financial officer Luka Mucic said, referring to a past move to cut 2,200 positions as SAP shifted focus to “cloud” computing from traditional software.